Avanos Medical Inc (NYSE:AVNS) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $31.42 and last traded at $31.42, with a volume of 2431 shares. The stock had previously closed at $31.89.
A number of brokerages have issued reports on AVNS. JMP Securities reaffirmed a “hold” rating on shares of Avanos Medical in a research note on Wednesday, August 21st. Zacks Investment Research raised Avanos Medical from a “sell” rating to a “hold” rating and set a $46.00 target price for the company in a research note on Wednesday, October 30th. Stifel Nicolaus downgraded Avanos Medical from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $35.00 in a research note on Wednesday, November 6th. Raymond James downgraded Avanos Medical from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 6th. Finally, ValuEngine downgraded Avanos Medical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.80.
The business has a 50-day moving average of $39.03 and a 200-day moving average of $39.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.51. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 38.90 and a beta of 1.56.
Several large investors have recently modified their holdings of AVNS. Financial Gravity Wealth Inc. grew its position in Avanos Medical by 2,303.4% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 697 shares of the company’s stock valued at $30,000 after acquiring an additional 668 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in Avanos Medical in the 2nd quarter valued at about $46,000. Signaturefd LLC grew its position in Avanos Medical by 40.5% in the 3rd quarter. Signaturefd LLC now owns 1,082 shares of the company’s stock valued at $41,000 after acquiring an additional 312 shares in the last quarter. Advisory Services Network LLC grew its position in Avanos Medical by 39.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,203 shares of the company’s stock valued at $53,000 after acquiring an additional 342 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Avanos Medical in the 2nd quarter valued at about $64,000. 94.40% of the stock is owned by hedge funds and other institutional investors.
About Avanos Medical (NYSE:AVNS)
Avanos Medical, Inc operates as a medical technology company that focuses on delivering medical device solutions to improve patients' quality of life worldwide. It provides a portfolio of products focuses on respiratory and digestive health; pain management solutions; and minimally invasive interventional pain therapies, closed airway suction systems, and enteral feeding tubes.
Recommended Story: Diluted Earnings Per Share
Receive News & Ratings for Avanos Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avanos Medical and related companies with MarketBeat.com's FREE daily email newsletter.